Low Interest Rates Cannot Save a House of Cards
byWhen is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that…
Economic Cycles
Now What?
byThis piece, by Doug Noland, originated here http://creditbubblebulletin.blogspot.co.uk/2015/09/weekly-commentary-now-what.html September 18 – Reuters: “The world’s leading central banks are facing the risk that their massive…
Austrian Economics, Monetary Freedom, and America’s Economic Roller Coaster
byFor over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by…
David Stockman: Why Hedge Fund Hot Shots Finally Got Hammered
bySource: http://davidstockmanscontracorner.com/why-hedge-fund-hot-shots-finally-got-hammered/ The destruction of honest financial markets by the Fed and other central banks has created a class of hedge fund hot shots…
Real GDP and the strength of US economy
byUS real gross domestic product (GDP) grew faster than initially thought in Q2. GDP expanded at a 3.7% annual rate instead of the 2.3%…
Rolling boulders uphill
byAs symbols of futility go, that of Sisyphus takes some beating. In Greek mythology, Sisyphus was captured by the gods after having freed humanity…
Will China’s currency depreciation help the economy?
byLast week the Chinese government decided to depreciate its currency on three consecutive occasions. On Thursday the price of the US$ was trading at…
But what does it mean?
by“Risk is what’s left over when you think you’ve thought of everything.” – Carl Richards. By the time this financial crisis is over, a…
China’s 1929 moment
byAnyone with a nose for markets will tell you that the Chinese government’s attempt to rescue the country’s stock markets from collapse is far…
Credit deflation and gold
byThere is a common view in financial markets that credit deflation is bad for gold prices, because gold nowadays is regarded as an asset…